Bitcoin is still in a breakdown state on the daily line, with short-term rebounds repeatedly facing selling pressure. Without strong positive stimuli, the 4-hour structure suggests a potential further downward exploration.
Last night, LA experienced a massive shock, with dramatic rises and falls, leaving the question of who made money and who was liquidated a mystery.
Market Highlights:
1, ETH Outperforms the Market: Vitalik's repurchase + BlackRock's portfolio adjustment (sellingling BTC and buying ETH) is driving ETstrength.
Even without discussing profitability, a project with a $40 market cap valis enough to drain market liquidity. Similar to how #trump's launch cooled the the AI sector, or how markets cooled after Monkey and Rune expectations were realized. many smart funds chose to exit early. Additionally, the pump team has a poor reputation, cashing out about $700 million in SOL in six months, with declining profitability and platform heat. Choosing to finance and issue tokens now likely means "selling the platform". The $1 billion financing reason seems unconvincing, with a team of less than 10 people and lacking clear expansion plans. While this token issuance is unfavorable to market sentiment, from their perspective, cashing out while still hot is a smart choice, avoiding the fate of OpenSea and MetMaskask.
Meanwhile, a "Trump Wallet" rumor emerged, with NFT platform Magic Eden announcing an official wallet collaboration with $trump meme, driving <="huanlan.zh..comcom/p/1913959428425758250/edit" rel="nofollow">#ME up 30%. However, Trump's son later denied the wallet's connection to the Trump group and $WLFI, claiming the true official wallet is coming soon. Magic Eden responded that Trump IP was licensed, like previous Trump Non-Fungible Tokens. It seems @GetTrumpMemes and @worldlibertyfi are both "claiming "official" status, resembling a palace drama where both sides claim legitimacy. Notably, $WLFI aird $USD1 to subscribers, with some claiming to toited tens of times, but with high KilityY, not suitable for mass wool party arbitrage. On another note, USDC's parent company nCircle is about to IPO, valued at $7.2 billion, already driving related projects like $Eden, $MKRKRV, and to move. This may signal the Genius stablecoin bill's implementation., considering Trump's $USD1 and attempts to resolve debt crisis through crypto stmarkets,, stablecoins may see explosive growth, potentially bringing crypto market benefits comparable to spot ETapproval.
Additionally, BlackRock is reportedly BTC and increasing ETETH holdings Last night, ETH ETF inflows exceeded $109 million, while BTC was $$300 million, The with ETH/BTC rate maintaining around 0.025. If it continues to rise, altcoin season.
Overall, despite the current market dowwhere making money is difficult both on and off-chain, the half has two major positive supports: reserve shifts and potential rate cuts. Cyclically, the probability of BTC new highs and altseason remains promising.-term defense, advised longterm optimism remains.
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